• Gold And Silver Are Acting Like It's 2008

    2 monthes ago - By ETF Daily News

    From John Rubino : 2008 has special significance for gold bugs, both because of the money they lost in August of year and the money they made in the half-decade that followed. Today's world is beginning to feel eerily similar.
    Let's start with a little background. The mid-2000s economy boomed in part because artificially low interest rates had ignited a housing mania which featured a huge increase in “subprime” mortgage lending. This - as all subprime lending binges eventually do - began to unravel in 2007. The consensus view was that subprime was “peripheral” and therefore unimportant...
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